Hi,
Completed a PIA insolvency In regard to a buy to let property that was sold in agreement with the bank. The shortfall debt was the main debt in the PIA. My own home mortgage was not in arrears at the time.
Am I right in suggesting that the 20 year clawback rule would only apply to the buy to let property which was sold and has no bearing on my own home.
In other words I am free to sell my own home without any fear of a clawback claim from the main creditor.
many thanks
Completed a PIA insolvency In regard to a buy to let property that was sold in agreement with the bank. The shortfall debt was the main debt in the PIA. My own home mortgage was not in arrears at the time.
Am I right in suggesting that the 20 year clawback rule would only apply to the buy to let property which was sold and has no bearing on my own home.
In other words I am free to sell my own home without any fear of a clawback claim from the main creditor.
many thanks